• Median Sale Price 1st Qtr of 2022 was $839,000 vs $670,000 in 1st Qtr of 2021. An increase of 25% year over year. 
• Condo Average Sale Price 1st Qtr of 2022 was $805,000 vs $704,000 in 1st Qtr of 2021. An increase of 14% year over year.
• Single Family Average Sale Price 1st Qtr of 2022 was $1,687,000 vs $1,384,000 in 1st Qtr of 2021. An increase of 22% year over year.
• Inventory has improved to 193 active listings on the MLS.

- Key Takeaways -

• Buyers - with interest rates climbing (and forecast to keep doing so for at least the next year) time is of the essence for mortgage buyers. Simply put - your buying power will continue to shrink over time..
• Sellers - the increased interest rates going forward will reduce buying power and therefore the number of buyers who can afford your home 6 months to a year from now. Right now may be the best opportunity to get you the highest number for your home in the shortest period of time. 
• Contact me to discuss your individual situation. 
  • Buyers - let's revisit your mortgage prequal and adjust our search criteria and discuss off market inventory.
  • Sellers - my clients are often shocked when they hear how much their home is worth in this market.